- Report year:2021
- Organisation: CommDev - International Finance Corporations (IFC)
Transitioning to a low-carbon economy is critical to the sustainability of the planet. A recent World Bank report found that increasing demand for clean energy technologies could increase demand for minerals such as graphite, lithium, and cobalt by nearly 500 percent by 2050. Even though we expect recycling rates to go up in the future, mining will still be required to supply critical minerals: the shift to a low-carbon future will be mineral-intensive, and mining will remain a critical industry.